COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION (EIN 760704655) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

GREG DAVIES

Phone

6145455042

Tax Period

2024-01-01 to 2024-12-31

COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $40.7M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.2M, a strong 40% operating margin.

Mission

SOCIAL CLUB DUES ARE PAID BY THE ORGANIZATION. THE DEVELOPMENT ACTIVITIES OF THE ORGANIZATION REQUIRE EXTENSIVE COOPERATION AND COORDINATION OF PUBLIC AND PRIVATE SUPPORT FOR SUCCESSFUL DOWNTOWN ECONOMIC REDEVELOPMENT. BREAKFAST AND LUNCH MEETINGS ARE THE OPTIMUM WAY TO SCHEDULE SCARCE TIME TO CONFIDENTIALLY DISCUSS COOPERATIVE PROJECT ACTIVITIES. THE BOARD SUGGESTED MEMBERSHIP IN THE SOCIAL CLUBS TO FACILITATE NECESSARY MEETINGS WITH BUSY EXECUTIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,958,341

Program Service Revenue $9,732,533

Investment Income $1,023,377

Other Revenue $-36,849

TOTAL REVENUE $40,677,402

Expense Breakdown

Grants Paid $632,353

Salaries & Benefits $2,440,446

Fundraising Expenses $0

Program Expenses $23,533,554

Other Expenses $21,400,870

TOTAL EXPENSES $24,473,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,677,402	$21,773,882	+0.9%
Expenses	$24,473,669	$22,386,898	+0.1%
Net Income	$16,203,733	$-613,016	-27.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,736,902

Total Directors

Key Employees

$339,138

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX FISCHER	BOARD MEMBER/CHAIR	0.30	Officer Director	$0	$0	$0
TIM ROBINSON	BOARD MEMBER/VICE CHAIR	0.30	Officer Director	$0	$0	$0
SANDY DOYLE-AHERN	BOARD MEMBER/SECRETARY	0.30	Officer Director	$0	$0	$0
DR STEPHEN MARKOVICH	BOARD MEMBER/TREASURER	0.30	Officer Director	$0	$0	$0
CHRISTIE ANGEL	BOARD MEMBER	0.30	Director	$0	$0	$0
FREDERIC BERTLEY	BOARD MEMBER	0.30	Director	$0	$0	$0
BRUCE A SOLL	BOARD MEMBER	0.30	Director	$0	$0	$0
JEFFREY EDWARDS	BOARD MEMBER	0.30	Director	$0	$0	$0
BRIAN ELLIS	BOARD MEMBER	0.30	Director	$0	$0	$0
JULIE SLOAT	BOARD MEMBER	0.30	Director	$0	$0	$0
HEATHER BRILLIANT	BOARD MEMBER	0.30	Director	$0	$0	$0
SUE ZAZON	BOARD MEMBER	0.30	Director	$0	$0	$0
MATT SCANTLAND	BOARD MEMBER	0.30	Director	$0	$0	$0
TED CARTER	BOARD MEMBER (BEGIN 2024)	0.30	Director	$0	$0	$0
TRACI MARTINEZ	BOARD MEMBER (BEGIN 2024)	0.30	Director	$0	$0	$0
GREG DAVIES	CEO	25.00	Officer	$315,322	$48,566	$679,210
MATTHEW LUTZ	ASST SECRETARY/GENERAL COUNSEL	25.00	Officer	$162,708	$35,546	$360,962
AMY TAYLOR	PRESIDENT	25.00	Officer	$336,900	$22,930	$696,730
JOSEPH SCHUELER	CFO	25.00	Key Emp	$147,214	$44,710	$339,138
ASHLEY MYERS	DIRECTOR OF COLUMBUS COMMONS	25.00	Highest	$81,671	$9,462	$172,804
EMILYN HALL	DIRECTOR OF ACCOUNTING	25.00	Highest	$66,965	$13,078	$147,008
MADISON ANN COLE	DIRECTOR OF COMMUNICATIONS	25.00	Highest	$61,978	$35,352	$159,308
COLETTA A BLACK	DIRECTOR OF ADMINISTRATION	25.00	Highest	$61,767	$25,886	$149,420
JOSEPH JOHN MOLLICA	PROJECT COUNSEL	50.00	Highest	$158,671	$18,780	$177,451

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$40,677,402	$24,473,669	$150,540,299	$16,203,733
2023	$21,773,882	$22,386,898	$134,517,092	$-613,016
2022	$21,128,443	$14,664,270	$124,783,991	$6,464,173
2021	$12,117,471	$11,174,134	$118,710,723	$943,337
2020	$4,778,604	$71,078,599	$116,475,111	$-66,299,995
2019	$20,346,983	$13,871,331	$182,459,839	$6,475,652
2018	$5,466,312	$8,184,480	$176,007,367	$-2,718,168

COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION